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Quincy - The Problem
Densely developedYear after year claims to the national
flood insurance program 5 Million from 1978 - 2007
Quincy - The Solution
2003-2007: ~$1 million (federal) & 46 properties
FEMA Grants + Homeowner Money
Base Flood Elevation (BFE)FREEBOARD
(the minimum height required for compliance with the National Flood Insurance Program)
freeboard
Base Flood Elevation (BFE)FREEBOARD
(the minimum height required for compliance with the National Flood Insurance Program)
freeboard
freeboard?
$
~$1,000 per foot of freeboard
(+~$18/month)
WITHOUT FREEBOARD WITH 3’ FREEBOARD
Annual flood insurance: $5499 Annual flood insurance: $2084
( - $284/month)
Homeowner savings
V Zone A Zone
Annual savings in NFIP premiums
Savings over 30-year mortgage
Annual savings in NFIP premiums
Savings over 30-year mortgage
1' freeboard $1,360 (25%) $40,800 $502 (41%) $15,060
2' freeboard $2,730 (50%) $81,900 $678 (55%) $20,340
3' freeboard $3,415 (62%) $102,450 $743 (60%) $22,290
For More Information
• City officials from Quincy– Sean Glennon at (617) 376-1167 or
• FEMA and MEMA officers– Richard Zingarelli at (617) 626-1406 or
[email protected], – Scott MacLeod at (508) 820-1445 or